26-27 Aug, 2015 - Bali, INDONESIA
The Westin Resort Nusa Dua, Bali
The Westin Resort Nusa Dua, Bali
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New York, NY and Singapore – August 11, 2015. PHI Group (Trading symbol: PHIL), a U.S. public company engaged in energy and natural resources, announced today that its Chairman and CEO Henry Fahman will be a speaker at the 3rd Oleochemicals Outlook Conference to be held August 26-27, 2015 at the Westin Resort Nusa Dua, Bali, Indonesia.
The Company has partnered with Fusion Crest Sdn Bhd, a Malaysian company, to jointly set up an oleochemical plant in Johor, Malaysia. The new plant will capitalize on innovative proprietary patents with processing techniques that can convert non-edible oils or fatty acid distillates into value-added oleo chemical products, such as C-16 palmitic acid, C8/C10, C-12 lauric acid, C-14 myristic acid, methyl ester, methyl sterate/olate, refined glycerin and residue oil. The plant will utilize equipment from Sulzer Chemtech, a Swiss company (http://www.sulzer.com/en/).
The oleochemical project requires US$ 15 million in capital investment to process 120 tons of fatty acid distillates per day. Starting the second year of operation the plant is expected to generate about US$ 73,400,000 in revenues and US$ 13,200,000 in profits before taxes, respectively.
The 3rd Oleochemicals Outlook is organized by Centre for Management Technology (“CMT”) whose conference programs are tailored for today’s and tomorrow’s evolving business environment where technology, markets and products continuously change to gain a competitive edge.
About PHI Group, Inc.:
PHI Group, Inc., a U.S. publicly traded company established in 1982 (Trading symbol: “PHIL”), adopts a double-tracked strategy to address the needs of both conventional energy and renewables and also participates in mineral and natural resources. The Company’s projects include reclamation sand for Singapore land extensions, limestone for the cement industry and precipitated calcium carbonate (PCC), coal, biomass, and oleochemicals. In addition, the Company is has been investigating various opportunities in gold, iron sand, nickel, titanium and infrastructure development in Indonesia, Cambodia, Laos and Vietnam. Website: www.phiglobal.com
Safe Harbor: This news release and the featured interview contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Contact:
Henry Fahman
+1-702-475-5430
11 Aug, 2015
The Indonesian government has launched the Plantation Fund Management Agency that will be responsible for tax collection from palm oil companies and management of crude palm oil fund.
Also called the CPO Fund Agency, the body has started collecting CPO export levy from palm oil companies since July 16, 2015. The collections will be used to support Indonesia’s palm oil sustainability development program, especially biodiesel production in the country.
It’s estimated that the agency will collect approximately Rp10 trillion ($751.88 million) per year. In 2015 alone, the fund is expected to collect CPO export levy of around Rp4.5 trillion from local producers. The collection will be used to replant 2,000 hectares of palm oil plantations in Indonesia.
These replanting programs are aimed at augmenting Indonesia’s biodiesel production by up to 5.2 million kiloliters annually. This year, the fund agency targets to supply 2 million kiloliters in the market through state-run energy company PT Pertamina.
Indonesia has about 4 million hectares of traditional palm oil farms producing only an average of 2.5 tons of palm oil per hectare whereas the plantations owned by big corporations produce over 5 tons of palm oil per hectare of plantations.
Indonesia’s biodiesel consumption in 2015 is slated to amount to 3.5 million kiloliters, which is much lower than the original target of 5.3 million kiloliters.
A new CPO law passed earlier this year imposes a levy on all CPO exporters even when the CPO price is below $750 per metric ton.
A presentation on ‘Biodiesel Industry Outlook in Low Crude Environment’ will be given by Togar Sitanggang, Secretary General, Indonesian Association of Biofuel Producers (APROBI) at 3rd Oleochemicals Outlook on 26-27 August, 2015, in Bali, Indonesia.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.
28 Jul, 2015
Kuala Lumpur Kepong Bhd (KLK) has announced that it will buy Emery Oleochemical GmbH's assets in Germany. The all-cash deal is worth €40.5 million (RM162 million).
Emery Oleochemicals is a subsidiary of Sime Darby Bhd.
KLK has confirmed that they have signed a conditional asset purchase agreement to buy Emery's plant, tangible assets and inventories, while the transaction is scheduled for completion by the third quarter of this year.
The new acquisition is expected to enable KLK to diversify into the tallow-based market - tallow is a substance derived from animal fat. Besides, it is also anticipated that KLK will further strengthen its existing fatty acid and glycerin business with Emery's acquisition.
Emery Oleochemicals (M) Sdn Bhd owns 100% of Emery Oleochemical GmbH via Emery Oleochemicals UK Ltd. Emery Oleochemicals UK is equally owned by Sime Darby Plantation Sdn Bhd and PTT Chemical International Private Ltd.
Ramesh Kana, Group Chief Executive Officer of Emery Oleochemicals will deliver the Keynote Address on 'Moving into Specialties to Drive Margins' at 3rd Oleochemicals Outlook on 26-27 August, 2015 in Bali.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.
16 Jun, 2015
In view of the growing demand for oleochemicals over the past several years, PHI Group, a company focused on energy and natural resources, has collaborated with Malaysia-based Fusion Crest to build an oleochemical plant in Johor, Malaysia. Estimated to be built at an investment of approximately $15 million, the facility will be funded by PHI Group, which will own 70% of the joint venture.
Fusion Crest owns a number of patents with processing technologies, which can convert non-edible oils or fatty acid distillates into oleochemical products such as C-16 palmitic acid, C8 / C10, C-12 lauric acid, C-14 myristic acid, methyl ester, methyl state / olate, refined glycerin and residue oil.
The planned facility will process 120t of fatty acid distillates a day and use equipment from Swiss company Sulzer Chemtech.
The new plant is slated to generate approximately $73.4m in revenue and $13.2m in profits before taxation from its second year of operation.
More oleochemical updates will be shared at 3rd Oleochemicals Outlook on 26-27 August, 2015 in Bali.
Contact Ms. Grace OH at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
22 May, 2015
As the market for oleochemicals in China is expected to grow by over 7% per annum, Mitsui & Co., Ltd. has signed an agreement with Malaysia's major company in the palm plantation and oleochemicals sector - Kuala Lumpur Kepong Berhad (KLK) for a oleochemical project in China.
Mitsui will invest a total of $44 million (approximately ¥5.3 billion) in the oleochemicals business operated by KLK in China.
Mitsui has also signed an agreement to acquire 20% of the shares in KLK Premier Capital Limited ("KLKPCL") from KLK. KLKPCL is an investment holding company owning 100% of the shares in Taiko Palm-Oleo (Zhangjiagang) Co., Ltd. ("TPOZ"), a manufacturer and supplier of oleochemicals based in Zhangjiagang City, Jiangsu Province.
Currently, the global oleochemicals market is worth around ¥7 trillion and the world market is expected to grow over 4% annually.
This is not the first time Mitsui and KLK have come together. They have jointly operated an oleochemicals manufacturing and supply business in Malaysia since 1991. But the new joint venture will be a first in China, which is expected to solidify the partnership between the two companies and broaden their business base through the expansion of their oleochemicals derivatives business.
KLK is regarded as one of the major oleochemicals companies in the region. In 2004, it had started TPOZ to produce and sell oleochemicals in China. TPOZ is undergoing expansion, and upon completion, it will improve the cost efficiency of its production operations while also introducing new high-added-value derivative products.
Meanwhile, Mitsui has planned to bring on board its accumulated knowledge and strengthen the oleochemicals business of TPOZ through its network of companies with sophisticated chemical manufacturing expertise, as well as by utilising its trading capabilities.
More oleochemicals project updates will be shared at 3rd Oleochemicals Outlook on 26-27 August, 2015 in Bali.
Contact Ms. Grace OH at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
22 Apr, 2015
